Which of the Following Is a Valid Reason for a Company

question 51

Multiple Choice

Which of the following is a valid reason for a company to create a new information system?

• A)The company needs to project a modern image.
• B)The company does not want to fall behind the technology curve.
• C)The dynamic nature of the company has led to new requirements.
• D)Most companies in the industry use information systems.

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Definitions:

Gross Margin

A financial metric that represents the difference between revenue and the cost of goods sold, expressed as a percentage of revenue, indicating the efficiency of a company in managing its production costs.

Customer Acquisition

The process of bringing new customers to a business through various marketing strategies and sales tactics.

Target Market

The specific group of customers that a business aims to reach with its products, services, and marketing efforts.

Break-Even Analysis

A financial calculation to determine the point at which revenue received equals the costs associated with receiving the revenue, used to identify profitability thresholds.